Ways2Capital Closing Update : Sensex Extends Losses, Nifty Breaks 9200

Equity benchmarks extended losses in last hour of trade, with the Sensex falling 184.75 points to 29,742.59 but the Nifty continued to hold 9200, down 53.15 points at 9,208.80.
The Indian rupee hit a more than 1-1/2 year high after the Reserve Bank of India (RBI) held its policy rate and expressed concerns about inflation, raising expectations it would no longer cut rates this year, while bonds fell and shares edged lower.
The RBI held the repo rate at 6.25 percent on Thursday, as widely expected, and raised its inflation forecasts, increasing expectations it could even tighten should prices accelerate.
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